DDoS Protection and Mitigation Security Market: Current Analysis and Forecast (2021-2027)

The Global DDoS Protection and Mitigation Security Market are expected to grow significantly at a CAGR of 14% during the forecast period on account of the increase in the DDoS threats on the IoT Platforms, and the rise in the availability of IoT devices. DDoS mitigation is a set of techniques or tools used for resisting the impact of distribution denial-of-service attacks on networks attached to the Internet by protecting the target and relay networks. The DDoS protection and mitigation solutions and services help to offer protection and mitigation on endpoints from advanced and sophisticated DDoS attacks. The high demand for DDoS prevention solutions from SMEs has encouraged vendors to introduce, cost-effective cloud-based and hybrid solutions. However, on-premises hardware, software, and integrated solutions continue to see increased traction among large enterprises. During the forecast period, the market is expected to witness high demand for hybrid solutions that include both, on-premises equipment as well as cloud services. Furthermore, the need to mitigate increasing network and application targeted DDoS attacks, rising penetration of Internet of things (IoT) and connected devices, coupled with the surge in demand from small and medium enterprises are expected to surge the demand for DDoS protection and mitigation market during the forecast period. Also, the rise in the adoption of hosted DDoS protection solutions is anticipated to enhance the sales of the global DDoS protection and mitigation market during the forecast period. Organizations are rapidly growing their partnership and mitigation solutions across the globe. Therefore, the managed services segment is expected to grow at the highest growth rate during the forecast period

Insights Presented in the Report:

"Amongst Component Services category accounted for the majority share in the market"

Based on components, the DDoS Protection and Mitigation Security market is segmented into hardware, software, and services. The services market is expected to dominate the DDos protection and Mitigation security market during the forecast period on account of the rise in protection solutions among the organization's service providers. DDoS protection and mitigation providers help protect websites, networks, and Layer 3 and Layer 7 attacks. DDoS protection services protect your website while reducing downtime and business risk. These services protect against NTP proliferation, DNS signaling, HTTP floods, SYN floods, spoofing, and volume attacks.

"Amongst Deployment, the cloud segment is expected to witness the highest CAGR during the forecast period"

Based on deployment, the market is segmented into on-premises, cloud, and hybrid solutions. The cloud segment is expected to dominate the market owing to the increasing demand for applications to store and secure data, with enhanced security techniques. Also, players in the market are developing advanced cloud-based security solutions by partnering and collaborating with other key players.

"Amongst Industry Vertical, the cloud segment is expected to witness the highest CAGR during the forecast period

Based on the industry vertical the market is segmented into government and defence, BFSI, manufacturing, IT and telecommunication, healthcare, retail, and others. BFSI segment is expected to dominate the market due to the huge client base that the industry serves and the banking details at risk. The BFSI industry is among the main infrastructure segments that experience multiple data breaches and cyber-attacks. As a very profitable operating model with spectacular returns and the added benefit of lower risk and detection range, cybercriminals are optimizing a slew of horrible cyberattacks to disrupt the financial system.

"North America to be the largest market during the forecast period"

North America is expected to dominate the DDoS protection and mitigation market due to the presence of major DDoS protection vendors and service providers along with the early adoption trends for innovative technologies in the developed economies of the U.S. and Canada. The region is expected to grow at an accelerated rate during the forecast period. Asia-Pacific is expected to grow at a significantly high CAGR during the forecast period owing to the rising adoption of these solutions and services across SMEs and large enterprises developing in the region. The organizations in the countries of this region especially in the US, have leveraged the benefits of AI, ML, and deep learning technologies to stay ahead in the market. North American countries have well-established economies, which enable DDoS protection and mitigation vendors to invest in new technologies. Furthermore, the region is regarded as the center of innovation because the major North American IT companies roll out new offerings and aggressive collaborations take place in the region.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

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Deep dive regional level analysis of the industry.

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